Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: KuCoin against Polymarket Perps+0.027%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.231%−$23 · spread now +0.027%, 7d avg −0.041%

Together, before fees−0.292%−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.068% dearer against Polymarket Perps than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.246	0.0100	pay 0.0013% / 1h	43m 08s	$132K	$440K	10x
Short	KuCoin AVAXUSDTM	11.249	0.0100	get 0.0100% / 8h	43m 08s	$15.8M	$24.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.041%: $6.82
Slippage, 4 orders: −$27.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.91
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 34 min ago	2.22 bp	6.2 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.89 bp	17.4 bp −$17	31.3 bp −$313	doesn't fit	doesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1451%	1h	11.200	−0.409%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.237	−0.080%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0090%	1h	11.246	0.000%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.253	+0.058%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.244	−0.018%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.108%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.250	+0.037%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.244	−0.018%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.245	−0.006%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.246	+0.002%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.253	+0.060%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.247	+0.009%	$120.3M	$517.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.247	+0.009%	$89.5M	$155.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.248	+0.018%	$20.2M	$144.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.240	−0.053%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.246	0.000%	$52.2M	$93.1M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.249	+0.027%	$15.8M	$24.3M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.245	−0.009%	$34.3M	$59.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.246	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.248	+0.018%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	0.000%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.250	+0.036%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.246	long leg	$132K	$440K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	+0.044%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.274	+0.249%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.239	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.246	+0.004%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.247	+0.009%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.237	−0.084%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.238	−0.069%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	+0.018%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.242	−0.034%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.251	+0.044%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.071%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0420% / S −0.0272%	1h	11.243	−0.024%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0857%	1h	11.269	+0.202%	$43.7M	$55.3M	10x	as long as short